Raymond James Downgrades Amazon Forecast, Yet Price Target Reflects Growth
Fintel reports that on April 21, 2025, Raymond James revised their outlook for Amazon.com (XTRA:AMZ) from Strong Buy to Outperform.
Analyst Price Forecast Indicates Strong Potential Upside
As of April 3, 2025, the average one-year price target for Amazon.com stands at 246.49 €/share. This forecast spans a range, with a low estimate of 165.92 € and a high estimate of 293.23 €. The consensus average suggests an increase of 62.49% from the most recent closing price of 151.70 € per share.
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Projected Revenue and EPS Growth
The anticipated annual revenue for Amazon.com is projected at 717,872MM, reflecting an increase of 12.53%. Furthermore, the annual non-GAAP EPS is estimated at 3.73.
Current Fund Sentiment Towards Amazon.com
A total of 7,518 funds or institutions currently report holdings in Amazon.com, marking an increase of 593 owners, or 8.56%, over the last quarter. The average portfolio weight dedicated to AMZ is 2.60%, showing a substantial increase of 131.54%. Institutional ownership saw a rise of 4.84%, with total shares owned now at 7,772,204K shares.
Shareholder Actions and Changes in Holdings
Vanguard Total Stock Market Index Fund Investor Shares (VTSMX) holds 296,490K shares, which represents 2.79% ownership of Amazon. This is a slight decrease from its previous filings, which showed 299,426K shares, a change of -0.99%. However, the firm has increased its portfolio allocation to AMZ by 14.89% over the last quarter.
Vanguard 500 Index Fund Investor Shares (VFINX) now holds 253,324K shares, equating to 2.39% ownership. This reflects an increase from the prior quarter’s 244,617K shares, marking a 3.44% uptick in holdings, alongside a 15.36% rise in portfolio allocation.
Geode Capital Management has increased its holdings to 204,930K shares, equivalent to 1.93% ownership, up from 199,915K shares previously, representing a 2.45% increase. Similarly, J.P. Morgan Chase owns 182,881K shares, holding 1.72% of the company, which is an increase from their last report of 179,719K shares, reflecting a 1.73% rise.
Price T. Rowe Associates also increased its holdings, currently owning 182,814K shares, maintaining a 1.72% stake. This is up from 178,726K shares previously, marking a 2.24% increase, and a notable 20.59% boost in their overall portfolio allocation in AMZ over the last quarter.
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This article was originally published on Fintel.
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